SANELEC
ActiveSummary
SANELEC has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €524k and a net result of €34k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 85% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+3
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 7.0 against 5.2 in 2024; short-term debt: 12.7% and cash: 36.9% of total assets), and 20.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.4%
Return on assets
5.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-03-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
126 d early
2023
8 d late
2022
18 d early
2021
12 d early
2020
22 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34k▲ 123%
2024 · €15k
2019: €16k
2020: €46k▲ +185% vs 2019
2021: €-2k▼ -105% vs 2020
2022: €-27k▼ -1125% vs 2021lowest in 7 years
2023: €72k▲ +364% vs 2022highest in 7 years
2024: €15k▼ -78.8% vs 2023
2025: €34k▲ +123% vs 2024
2019 → 2025
Working capital
€502k▲ 7.6%
2024 · €467k
2019: €381klowest in 7 years
2020: €417k▲ +9.4% vs 2019
2021: €413k▼ -0.8% vs 2020
2022: €386k▼ -6.7% vs 2021
2023: €463k▲ +20.1% vs 2022
2024: €467k▲ +0.8% vs 2023
2025: €502k▲ +7.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€431k-€404k▼ 6.3%€475k▲ 17.7%€491k▲ 3.2%€524k▲ 6.9%
2021: €431k
2022: €404k▼ -6.3% vs 2021lowest in 5 years
2023: €475k▲ +17.7% vs 2022
2024: €491k▲ +3.2% vs 2023
2025: €524k▲ +6.9% vs 2024highest in 5 years
Operating result€-4k-€-23k▼ 436%€101k€21k▼ 79.2%€49k▲ 135%
2021: €-4k
2022: €-23k▼ -436% vs 2021lowest in 5 years
2023: €101k▲ +531% vs 2022highest in 5 years
2024: €21k▼ -79.2% vs 2023
2025: €49k▲ +135% vs 2024
Net result€-2k-€-27k▼ 1,125%€72k€15k▼ 78.8%€34k▲ 123%
2021: €-2k
2022: €-27k▼ -1125% vs 2021lowest in 5 years
2023: €72k▲ +364% vs 2022highest in 5 years
2024: €15k▼ -78.8% vs 2023
2025: €34k▲ +123% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 135% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661k
Fixed assets
€75k ▼ 12.6%
Current assets
€586k ▲ 1.4%
Equity and liabilities €661k
Equity
€524k ▲ 6.9%
Debt
€136k ▼ 21.2%
Debt's share of the balance-sheet total falls from 26.1% to 20.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▲
2024 · €30k
Cash flow
€45k▲
2024 · €25k
Current ratio
7.00▲
2024 · 5.20
Quick ratio
3.60▲
2024 · 2.82
Debt to equity
0.26▼
2024 · 0.35
ROE
6.5%▲
2024 · 3.1%
ROA
5.1%▲
2024 · 2.3%
Interest coverage
13.87▲
2024 · 7.44
Debt ≤ 1 year
€84k▼
2024 · €111k
Debt > 1 year
€53k▼
2024 · €62k
Income taxes
€12k▲
2024 · €4k
Staff costs
€173k▼
2024 · €176k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€664k€661k▼
Fixed assets21/28€86k€75k▼
Tangible fixed assets22/27€85k€75k▼
Land and buildings22€11k€11k=
Plant, machinery and equipment23€61k€59k▼
Furniture and vehicles24€13k€5k▼
Financial fixed assets28€500€125▼
Current assets29/58€578k€586k▲
Stocks and contracts in progress3€265k€285k▲
Stocks30/36€265k€285k▲
Amounts receivable within one year40/41€110k€48k▼
Trade receivables40€91k€42k▼
Other amounts receivable41€20k€6k▼
Cash at bank and in hand54/58€194k€244k▲
Deferred charges and accrued income490/1€10k€10k▲
Equity and liabilities
Total equity and liabilities10/49€664k€661k▼
Equity10/15€491k€524k▲
Contributions10/11€39k€39k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€448k€482k▲
Amounts payable17/49€173k€136k▼
Amounts payable after more than one year17€62k€53k▼
Financial debts170/4€62k€53k▼
Amounts payable within one year42/48€111k€84k▼
Current portion of amounts payable after more than one year42€9k€6k▼
Financial debts43€5k-
Other loans439€5k-
Trade debts44€69k€55k▼
Suppliers440/4€69k€55k▼
Taxes, remuneration and social security45€27k€22k▼
Taxes450/3€12k€1k▼
Remuneration and social security454/9€15k€21k▲
Other amounts payable47/48€94€94=
Income statement
Code20242025
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€176k€173k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€212k€241k▲
Operating profit (loss)9901€21k€49k▲
Financial income75/76B€2k€594▼
Recurring financial income75€1k€594▼
Non-recurring financial income76B€740-
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€19k€46k▲
Income taxes67/77€4k€12k▲
Profit (loss) for the period9904€15k€34k▲
Profit (loss) for the period to be appropriated9905€15k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€448k€482k▲
Profit (loss) brought forward from the previous period14P€433k€448k▲
Social balance
Average headcount (FTE)90874.03.0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €992 | - | €10k | - | - |
| Remuneration, social security and pensions62 | €250k | €260k | €199k | €176k | €173k | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €9k | €9k | €11k | ▲ 13.9% |
| Other operating charges640/8 | €6k | €7k | €6k | €6k | €7k | ▲ 26.8% |
| Gross operating margin9900 | €261k | €253k | €315k | €212k | €241k | ▲ 13.6% |
| Operating profit (loss)9901 | €-4k | €-23k | €101k | €21k | €49k | ▲ 135% |
| Financial income75/76B | €6k | €7k | €1k | €2k | €594 | ▼ 71.3% |
| Recurring financial income75 | €6k | €4k | €1k | €1k | €594 | ▼ 55.2% |
| Non-recurring financial income76B | - | €3k | €42 | €740 | - | - |
| Financial charges65/66B | €4k | €3k | €5k | €4k | €4k | ▲ 6.2% |
| Recurring financial charges65 | €4k | €3k | €5k | €4k | €4k | ▲ 6.2% |
| Non-recurring financial charges66B | €3 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-2k | €-20k | €97k | €19k | €46k | ▲ 141% |
| Income taxes67/77 | €81 | €7k | €25k | €4k | €12k | ▲ 212% |
| Profit (loss) for the period9904 | €-2k | €-27k | €72k | €15k | €34k | ▲ 123% |
| Transfer from tax-exempt reserves789 | - | €47k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-2k | €19k | €72k | €15k | €34k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €651k | €671k | €661k | €664k | €661k | ▼ 0.4% |
| Fixed assets21/28 | €36k | €26k | €30k | €86k | €75k | ▼ 12.6% |
| Tangible fixed assets22/27 | €35k | €25k | €30k | €85k | €75k | ▼ 12.2% |
| Land and buildings22 | €11k | €11k | €11k | €11k | €11k | = |
| Plant, machinery and equipment23 | €24k | €15k | €6k | €61k | €59k | ▼ 3.5% |
| Furniture and vehicles24 | - | - | €13k | €13k | €5k | ▼ 63.6% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €125 | ▼ 75.0% |
| Current assets29/58 | €616k | €645k | €631k | €578k | €586k | ▲ 1.4% |
| Stocks and contracts in progress3 | €289k | €338k | €295k | €265k | €285k | ▲ 7.5% |
| Stocks30/36 | €289k | €338k | €295k | €265k | €285k | ▲ 7.5% |
| Amounts receivable within one year40/41 | €87k | €125k | €89k | €110k | €48k | ▼ 56.9% |
| Trade receivables40 | €69k | €89k | €75k | €91k | €42k | ▼ 53.5% |
| Other amounts receivable41 | €18k | €37k | €14k | €20k | €6k | ▼ 72.3% |
| Cash at bank and in hand54/58 | €237k | €176k | €240k | €194k | €244k | ▲ 26.0% |
| Deferred charges and accrued income490/1 | €3k | €6k | €7k | €10k | €10k | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €651k | €671k | €661k | €664k | €661k | ▼ 0.4% |
| Equity10/15 | €431k | €404k | €475k | €491k | €524k | ▲ 6.9% |
| Contributions10/11 | €39k | €39k | €39k | €39k | €39k | = |
| Reserves13 | €50k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €4k | - | - | - | - | - |
| Reserves not available under the articles1311 | €4k | - | - | - | - | - |
| Tax-exempt reserves132 | €47k | - | - | - | - | - |
| Distributable reserves133 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €342k | €361k | €433k | €448k | €482k | ▲ 7.6% |
| Amounts payable17/49 | €221k | €267k | €185k | €173k | €136k | ▼ 21.2% |
| Amounts payable after more than one year17 | €18k | €8k | €7k | €62k | €53k | ▼ 14.8% |
| Financial debts170/4 | €18k | €8k | €7k | €62k | €53k | ▼ 14.8% |
| Amounts payable within one year42/48 | €203k | €260k | €168k | €111k | €84k | ▼ 24.8% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €12k | €9k | €6k | ▼ 39.1% |
| Financial debts43 | €100k | €105k | €30k | €5k | - | - |
| Other loans439 | €100k | €105k | €30k | €5k | - | - |
| Trade debts44 | €65k | €120k | €93k | €69k | €55k | ▼ 20.0% |
| Suppliers440/4 | €65k | €120k | €93k | €69k | €55k | ▼ 20.0% |
| Advances received on contracts in progress46 | €3k | €1k | - | - | - | - |
| Taxes, remuneration and social security45 | €24k | €23k | €32k | €27k | €22k | ▼ 18.2% |
| Taxes450/3 | €2k | €9k | €13k | €12k | €1k | ▼ 88.1% |
| Remuneration and social security454/9 | €22k | €14k | €19k | €15k | €21k | ▲ 37.9% |
| Other amounts payable47/48 | - | - | - | €94 | €94 | = |
| Accrued charges and deferred income492/3 | €63 | €41 | €11k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-27k | €72k | €15k | €34k | ▲ 123% |
| + Depreciation and write-downs630 | €10k | €10k | €9k | €9k | €11k | ▲ 13.9% |
| Operating cash flow (approximation) | €8k | €-17k | €81k | €25k | €45k | ▲ 81.4% |
| Investment in fixed assets (approximation) | - | €0 | €-13k | €-65k | €116 | ▲ 100% |
| Change in cash | - | €-61k | €63k | €-46k | €50k | ▲ 209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500kEq €524k ▲6.9%
3 profitable years in a row build equity to €524k.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
31-12
Financial
Back to profitnet €72k
Net result €72k after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Florennes · 1 establishment unit since 1974
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Jules-Lahaye 85620 Florennes1 establishment unit
Avenue Jules-Lahaye 8, 5620 Florennes
since 19742.010.168.513
Recognitions · licences · registrations
Recognised contractor
9 categoriesSANELEC SRL29482
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SENSICO
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Of 472 companies in sector 46842 we hold annual accounts for 345. 269 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-08-1974
Fiscal year end31-12
Activities, NACEBEL 2025
46842Wholesale trade
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
46150Agents in the wholesale of furniture, household goods and hardware
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.